Softbank G: Announced sale of British Arm: Sold to NVIDIA
Softbank G: British Arm
“SoftBank Group” announced that it will sell its subsidiary “Arm”, a global semiconductor development company in the United Kingdom, to Nvidia, a major semiconductor company in the United States.
Total sale:
It is expected to reach a maximum of approximately $ 40 billion (¥ 4.2 trillion), including payments from NVIDIA shares.
To be a major shareholder of NVIDIA:
As a result, the SoftBank Group is expected to hold approximately 6.7% to 8.1% of the shares of NVIDIA, which has strengths in AI = artificial intelligence technology used for autonomous driving.
NVIDIA has strengths in AI = artificial intelligence technology used for autonomous driving.
In the future, he will be involved in Arm as a major shareholder of NVIDIA.
IT / Net | NHK News
https://www3.nhk.or.jp/news/html/20200914/k10012616741000.html
Notice regarding sale of all shares of our subsidiary Arm Limited, SoftBank Group Capital Lim
https://group.softbank/system/files/news/press/2020/20200914/pdf/20200914_ja_01.pdf
NVIDIA to Acquire Arm for $40 Billion,
Creating World’s Premier Computing Company for the Age of AI • Unites NVIDIA’s leadership in artificial intelligence with Arm’s
Unites NVIDIA’s leadership in artificial intelligence with Arm’s vast computing
ecosystem to drive innovation for all customers
• NVIDIA will expand Arm’s R&D presence in Cambridge, UK, by establishing a
world-class AI research and education center, and building an Arm/NVIDIA powered AI supercomputer for groundbreaking research
• NVIDIA will continue Arm’s open-licensing model and customer neutrality and
expand Arm’s IP licensing portfolio with NVIDIA technology
• Immediately accretive to NVIDIA’s non-GAAP gross margin and EPS
• Consideration of $40 billion to be met through a combination of NVIDIA shares
and cash
SANTA CLARA, Calif., and CAMBRIDGE, U.K., and TOKYO—Sept. 14, 2020—
NVIDIA and SoftBank Group Corp. (SBG) today announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion.
The transaction is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin and non-GAAP earnings per share.
The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast
ecosystem to create the premier computing company for the age of artificial intelligence,
accelerating innovation while expanding into large, high-growth markets. SoftBank will remain committed to Arm’s long-term success through its ownership stake in NVIDIA, expected to be under 10 percent.
https://group.softbank/system/files/news/press/2020/20200914/pdf/20200914_en.pdf